The heat of the centralized transportation market may continue.
On March 28, China International Marine Containers (Group) Co.Ltd(000039) ( China International Marine Containers (Group) Co.Ltd(000039) , China International Marine Containers (Group) Co.Ltd(000039) . SZ) released the financial report for 2021. Last year, the revenue was 163696 billion yuan, a year-on-year increase of 73.85%; The net profit attributable to shareholders and other equity holders of the parent company was 6.665 billion yuan, a year-on-year increase of 24.59%. The basic earnings per share was 1.81 yuan, a year-on-year increase of 28.37%.
Based on the performance, the group distributed annual dividends to shareholders of RMB 0.69 (tax included) per share in cash, without bonus shares, and increased 5 shares per 10 shares to all shareholders with capital reserve. The expected dividend payment date is on or around August 18, 2022.
According to the financial report, China International Marine Containers (Group) Co.Ltd(000039) is the world’s leading supplier of equipment and solutions in the logistics and energy industry. Through business expansion and technology development, it has formed an industrial cluster focusing on key equipment and solutions in the logistics and energy industry.
container manufacturing sector revenue jumped to the first
Benefiting from the strong recovery of the global economy and commodity trade and the rapid growth of China’s foreign trade exports, the market demand for marine dry cargo containers increased significantly in 2021.
The booming container transportation market has successfully pushed the container manufacturing sector to a high level. This business became the main source of revenue for China International Marine Containers (Group) Co.Ltd(000039) last year, with a revenue of 65.967 billion yuan, a year-on-year increase of 197.64%, accounting for 40% of the total revenue, and a net profit of 11.327 billion yuan, a year-on-year increase of 469.94%. In 2020, the volume of container manufacturing business ranked second to that of road transport vehicles, accounting for 23.54% of the total revenue.
Last year, global ports and inland transportation remained inefficient due to the epidemic, resulting in the loss of effective container capacity, the poor return of empty containers and the sharp decline of container turnover efficiency. The financial report shows that in order to alleviate the shortage of shipping space and containers in the centralized transportation market, the group’s container manufacturing business makes every effort to ensure the supply of new containers by increasing resource investment, improving production efficiency and fully releasing production capacity. With the continuous delivery of new cases, the situation of “one case is difficult to find” has been alleviated by October last year.
In addition, the financial report showed that due to the strong demand for containers and the rise of raw material prices caused by the rise of bulk commodities, the price of new containers and the profitability of the industry increased significantly year-on-year.
From the perspective of revenue by region, benefiting from the tense situation of global supply chain, China International Marine Containers (Group) Co.Ltd(000039) ‘s foreign business revenue last year was also quite high. Among them, the revenue of Europe and Asia (outside China) increased by more than 1.6 times and 3 times year-on-year respectively.
However, focusing on the group’s own financial and asset management business, the main business entities are CIMC financial leasing company, CIMC finance company and offshore salary pool management platform company. During the reporting period, the business realized an operating revenue of 3.763 billion yuan, a year-on-year increase of 72.81%; The net loss was 2.403 billion yuan, and the net profit in 2020 was 312 million yuan, with a year-on-year increase of 869.30%.
The financial report shows that this year, affected by the covid-19 epidemic and market conditions, the rent level and utilization rate of handheld leases on hand platforms are lower than expected, and the marine wage production pool makes a provision for large asset impairment on stock platforms.
it is expected that the container demand will be corrected this year, but it is still at a good level
For the outlook of the logistics field, the financial report shows that the container demand in 2022 is expected to be callback compared with the historical high in 2021, but it will still be at a good level.
Specifically, in 2022, the growth rate of supply and demand in the centralized transportation market is expected to slow down to varying degrees, and the growth rate of supply and demand tends to be balanced. Considering that the global supply chain crisis caused by the epidemic is difficult to cure in the short term, the loss of effective transport capacity caused by congestion may continue. It is expected that in 2022, the centralized transportation market will still maintain a tight supply situation, and the centralized transportation industry is expected to continue a high profit level, which will promote the willingness of shipping companies, logistics companies and cargo owners to buy containers.
In addition, affected by the limited supply of containers from 2020 to 2021, the volume of old containers in the market is large, and China International Marine Containers (Group) Co.Ltd(000039) it is expected that the demand for container elimination and renewal will remain high in 2022.
For the overall business objectives and measures of the main business segments, Caibao said that in the container manufacturing business, the group’s container manufacturing business will actively respond to the fluctuation of container demand in the post epidemic era in 2022. On the one hand, for the traditional container business, through continuous Longteng plan, major technological transformation and other technology, equipment investment and management improvement, improve the comprehensive competitiveness and consolidate the leading position in the industry. On the other hand, following the call of the state, we will continue to open up new tracks in innovative business, focusing on modular construction, cold chain, integrated equipment, new materials and other businesses. We plan to quickly cut in and become the leading enterprise in the industry.
As of the closing on March 28, China International Marine Containers (Group) Co.Ltd(000039) reported 14.21 yuan, up 0.71% and down 17.19% year to date.
